Spec mansion in Palm Beach fetches $44 million

It's the third sale of new Palm Beach mansion by developer Pat Carney since summer

Mar.March 12, 2016 11:15 AM

An oceanfront mansion built on speculation in Palm Beach sold for $44 million just two months after the developer listed it for sale.

Palm Beach resident Pat Carney developed the house and sold it furnished. Corcoran Group agent Jim McCann listed the new house for sale on January 12 with an asking price of $55 million.

Neither Carney nor McCann was unavailable for comment.

Preliminary information recorded with the deed in the Palm Beach County Clerk’s office did not identify the buyer, represented by Corcoran Group agent Suzanne Frisbie.

The residence at 1695 North Ocean Way is the third newly built and furnished mansion that Carney has sold in since last summer. The sales totaled of $108.1 million. The other two residences are on North Lake Way in Palm Beach and on South Ocean Boulevard in Manalapan.

The property at 1695 North Ocean Way has five bedrooms and four more in a free-standing guesthouse. The living space indoors and outdoors spans a total of 24,000 square feet. There are two swimming pools, one on the east side of the house and one on the west side, and a 12-car garage.

Architect Carlos Martin of Margate designed the residence and Woolems Inc. built it. Marc-Michael Interior Design of Winter Park designed the interior. [Palm Beach Daily News] — Mike Seemuth


Related Articles

From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Robert Matthews and Palm House Hotel

Embattled Palm House developer Robert Matthews agrees to federal securities charges

Ken Griffin over the island of Palm Beach

Inside billionaire Ken Griffin’s massive Palm Beach holdings

Collage of Ken Griffin’s properties and Ken Griffin

Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Robert Matthews and the Palm House Hotel (Credit: NAIOP)

Palm House Hotel developer will use taxpayer money to pay legal bills: report

Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill